Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below:

A) $126,000.

B) $157,000.

C) $181,000.

D) $154,000.

Please show all work.

Clarabell Inc. uses the conventional retail method to estimate ending inventory. Cost data for the most recent quarter is shown below: Cost 115,000 434,000 Beginning inventory Net purchases Net markup Net markdowns Net sales Retail 207,000 735,000 65,000 25,000 701,000 To the nearest thousand, estimated ending inventory using the conventional retail method is